Summary: Amgen is one of the leading biotech companies, producing some of the most widely bought drugs, such as Amgen and Enbrel. To invest in Amgen and capitalize on the growth of the biotech industry, potential investors can open an account with a regulated stock trading platform such as eToro.
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About Amgen
Amgen (NASDAQ: AMGN) is an American-based multinational biotech company with headquarters in Thousand Oaks, California. It specializes in drugs used in tumor and cancer treatment, and it’s one of the largest independent biotech companies, with over 24,000 employees.
How to buy Amgen stock: Step-by-step
Amgen is a public company trading on the NASDAQ under the ticker AMNG. It is also a NASDAQ-100, Dow Jones Industrial Average (DJIA), S&P 100, and S&P 500 component, meaning it’s one of the largest publicly traded companies in the U.S.
To buy Amgen stock, follow these simple steps:
Step 1: Choose a broker
To invest in Amgen, you will have to find a regulated stock trading platform that will give you access to the AMGN stock and help you realize your investment strategy.
How to choose an online broker:
- Costs: Evaluate potential platforms by comparing their commission rates, account maintenance fees, and account minimums;
- Ease of use: Ensure the platform is user-friendly and easily accessible, especially if you are a new investor;
- Security: Verify that the platform is licensed by reputable financial institutions, e.g., the Financial Industry Regulatory Authority (FINRA), and maintains a strong commitment to cybersecurity;
- Customer support: Efficient customer support is more than valuable when you encounter difficulties;
- Product offerings: Confirm that the platform offers users access to Amgen stock;
- Supplementary features: Explore additional offerings such as research tools, educational resources, chart patterns, market news, etc.
Our go-to broker for Amgen and other biotech stocks is eToro, a regulated platform with nifty features such as:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Step 2: Register and fund your brokerage account
The next step involves registering a trading account with the broker you chose. Typically, the process is straightforward, requiring you to provide some personal and banking information, choose and link a preferred payment method, and make an initial deposit. The nuances will, however, depend on each individual broker, so be sure you familiarize yourself with their terms of service and read their help pages before registering.
As for the funding, you can usually add funds to your account via:
- Bank account transfers;
- Wire transfers;
- Third-party payment systems such as PayPal;
- Transfers from other accounts.
However, before proceeding with the funding, you should consider your current financial situation, as investing prematurely can lead to losses. eToro, for example, allows users to create a demo account before committing, so you can familiarize yourself with how the platform operates before opening an actual account.
Note
Step 3: Place your order
Once you have funded your account, you can buy Amgen shares. To do so, you can:
- Look up the Amgen stock on your broker’s platform by looking up its ticker symbol (AMGN);
- Specify the number of shares you want to buy or the dollar amount you want to invest;
- Choose the order type, i.e., limit, stop-loss, etc.;
- Double-check all the details;
- Place your trade.
Step 4: Monitor your investment
Your investment journey does not end with Amgen shares in your portfolio. On the contrary, it becomes crucial for you to track your portfolio’s performance. That involves keeping an eye on the ever-changing trends and innovations within the biotech industry. By doing so, you’ll increase your chances of making more accurate predictions regarding the trajectory of the Amgen stock price.
Amgen stock price today
Pros and cons of buying Amgen stock
Pros
- Diverse portfolio: Amgen has a diverse portfolio of assets;
- Solid pipeline: Amgen has a good pipeline of new drugs that could increase its value;
- Dedication to innovation: With over 40 years of experience in the field, the company also has a good track record of technological innovation.
Cons
- Volatility and financial risk: The biotech industry can be highly volatile, as many of its aspects require substantial investments with no guarantee of success (e.g., experimental trials);
- Competition: Amgen faces a lot of competition in the market;
- Regulatory demands: The biotech industry is highly regulated, so even the slightest failure to comply with all the industrial demands can be detrimental.
How to buy Amgen stock safely
To minimize risks, make sure you avoid some of the most common investing mistakes, such as:
- Not doing your research: Investing involves risks, so it’s essential that you conduct thorough research on the stock you are investing in;
- Neglecting diversification: Maintaining a diversified portfolio is key. Relying on a single asset for your financial success is not a sound strategy;
- Overdoing it: If you have debts or other financial obligations, investing may not be the wisest choice;
- Letting hype govern your decisions: Investing based on emotions is not wise. Instead, try listening to more seasoned investors and analysts;
- Focusing on short-term goals only: Investing in stocks is best-done long-term, so avoid making rash decisions with the hopes of making quick gains.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Amgen stock
Does Amgen offer dividend reinvestment programs?
Yes, Amgen offers a dividend reinvestment plan.
What is the Amgen dividend rate?
Amgen’s total dividend rates in 2023 were 6.39.
How to buy Amgen stock?
To buy Amgen stock, register an account with a regulated online stock exchange such as eToro.
What is the Amgen stock symbol?
The Amgen stock symbol is AMGN.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
